Nick Hampton Buys 25,000 Shares of Tate & Lyle (LON:TATE) Stock

Tate & Lyle plc (LON:TATE) insider Nick Hampton bought 25,000 shares of the business’s stock in a transaction dated Friday, October 3rd. The shares were acquired at an average cost of GBX 369 per share, for a total transaction of £92,250.

Tate & Lyle Stock Down 1.7%

Shares of LON:TATE opened at GBX 365 on Monday. Tate & Lyle plc has a 52-week low of GBX 365 and a 52-week high of GBX 848.50. The stock has a market cap of £1.61 billion, a P/E ratio of 1,057.97, a price-to-earnings-growth ratio of 1.37 and a beta of 0.50. The business’s 50 day moving average is GBX 509.72 and its 200 day moving average is GBX 528.73. The company has a quick ratio of 1.77, a current ratio of 3.22 and a debt-to-equity ratio of 47.66.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on TATE shares. Berenberg Bank upped their target price on Tate & Lyle from GBX 600 to GBX 620 and gave the stock a “hold” rating in a report on Wednesday, July 9th. Citigroup decreased their price objective on Tate & Lyle from GBX 670 to GBX 540 and set a “buy” rating for the company in a report on Thursday. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Tate & Lyle from GBX 800 to GBX 460 and set a “buy” rating for the company in a report on Thursday. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 540.

About Tate & Lyle

Tate & Lyle PLC, together with its subsidiaries, provides ingredients and solutions to the food, beverage, and other industries in the United States, the United Kingdom, other European countries, and internationally. It operates through three segments: Food & Beverage Solutions, Sucralose, and Primary Products.